St. Louis County Man Admits Pandemic Fraud
Summary
A news release published February 2, 2024, reporting that a St. Louis County man, Corvell Wraggs Jr., pleaded guilty in U.S. District Court in St. Louis to two counts of wire fraud for fraudulently applying for pandemic loans totaling more than $33,000. The release states that Wraggs admitted fraudulently applying for a Paycheck Protection Program loan on April 11, 2021, falsely claiming a sole proprietorship in 2020 with gross income of $74,000, and then applying for a second draw loan, claiming that gross receipts had dropped more than 25 percent. It says Wraggs fraudulently obtained $33,832 and is scheduled to be sentenced on May 8. Each wire fraud charge is punishable by up to 20 years in prison, a fine of up to $250,000, or both.
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“St. Louis County Man Admits Pandemic Fraud.”
Original at www.justice.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2024-02-02-st-louis-county-man-admits-pandemic-fraud-d5b41215-d1f5a1cb8e/
, SHA-256 c0f5c2457f0b679c42251021ef8b7630ec88607adb810fa7a2dc334e2f132cc0.Full text
ST. LOUIS – A St. Louis County man on Friday admitted fraudulently applying for pandemic loans totaling more than $33,000. Corvell Wraggs Jr., 34, of Norwood Court, Missouri, pleaded guilty in U.S. District Court in St. Louis to two counts of wire fraud. He admitted fraudulently applying for a Paycheck Protection Program loan on April 11, 2021, falsely claiming that he operated a sole proprietorship in 2020 that generated gross income of $74,000. He claimed he would use the money for payroll to retain workers and other business expenses. He then applied for a second draw loan, claiming that his gross receipts had dropped more than 25 percent. In all, Wraggs fraudulently obtained $33,832. Wraggs is scheduled to be sentenced on May 8. The wire fraud charges are each punishable by up to 20 years in prison, a fine of up to $250,000, or both prison and a fine. The FBI investigated the case. Assistant U.S. Attorney Tracy Berry is prosecuting the case.
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- www.justice.gov